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Russian cbank: Lack of digital tech may steal half banksТ profit

MOSCOW, Feb 20 (PRIME) -- Banks may lose 20Ц60% of their profit by 2025 unless they introduce technological innovations into their work, the Russian central bankТs First Deputy Chairwoman Olga Skorobogatova said on Tuesday at a parliamentary session.

УThe financial industry all over the world has become a driver of financial digitization. The global trends speak for themselves,Ф Skorobogatova said.

УAccording to the latest studies, about a half of clients do not go to branches and receive their services remotely. Banks may lose 20Ц60% of profit by 2025 already if they fail to apply digital platforms, digital technologies. Technological companies, which are emerging now, which offer financial services, among othersЕmay take this share.Ф

More than a half of credit organizations worldwide, or 52%, decided to invest in artificial intelligence. УWhat is really important to underline here is that in 2018 banks admitted on the global level that the main topic they should pay attention to is cybersecurity and data protection,Ф Skorobogatova said.

End

20.02.2018 16:09
 
 
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